Dixon Technologies Ltd’s share price has experienced a notable increase following the announcement of a joint venture with HKC Overseas Limited.
On March 10, 2026, the stock rose by 7.10%, reaching a high of Rs 10,501 on the Bombay Stock Exchange (BSE). As of 9:44 am IST, the stock was trading at ₹10,286.00, reflecting a gain of ₹482.00 or 4.92%.
Nomura has retained its ‘Buy’ rating on Dixon Technologies, highlighting a potential upside of 50% based on the company’s future prospects. The investment firm has set a target price of Rs 14,678, which is based on estimated earnings per share for FY28.
The joint venture, which received approval from the Ministry of Electronics and Information Technology (MEITY), will focus on manufacturing liquid crystal display modules and thin-film transistor liquid crystal display modules. This initiative aims to bolster India’s domestic display ecosystem and reduce reliance on imports.
Dixon plans to invest approximately Rs 1,200 crore in this display manufacturing project, which is expected to enhance its production capabilities significantly. The display module assembly is projected to account for about 10% of the bill of materials and typically yields healthy double-digit margins.
Nomura noted that this venture, alongside the ramp-up of camera modules, will contribute to increased value addition for Dixon, providing a structural margin tailwind in the long term.
The market capitalisation of Dixon Technologies currently stands at approximately ₹62,550 crore, underscoring its significant presence in the electronics manufacturing sector.
The approval of this joint venture marks a crucial regulatory milestone for Dixon as it seeks to expand its footprint in the display manufacturing domain through a strategic partnership with HKC.
Overall, the developments surrounding Dixon Technologies Ltd and its share price reflect a positive outlook from analysts and investors alike, as the company positions itself for future growth in the competitive electronics market.
